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    1215 N Terrace Dr Provo, UT 84604

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    For Sale
    $1,000,000

    Agricultural land near BYU with potential for residential rezoning.

    Lot size:
    13.70 Acres

    Property Features for 1215 N Terrace Dr

    General Information

    Lot size
    13.70 Acres

    Source: Lotus Real Estate Agent Lotus Real Estate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    13.7 Acres Near BYU Campus

    This 13.7-acre property is located close to BYU campus and the "Y", offering views of Utah Lake. Currently used for agricultural purposes, the land has potential for rezoning into residential lots. The property is being sold as raw land and includes a cell tower lease. The site consists of 7 parcels being sold together. Power, sewer, telephone, and water utilities are available in the lower Terrace Drive street, with some power boxes and phones located on site.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.6288378
    Latitude
    40.250089

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    FAQs

    What type of property is this?
    Land - Agricultural land near BYU with potential for residential rezoning.
    Where is this land located?
    The property is located at 1215 N Terrace Dr Provo, UT.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - 13.7 Acres close to BYU campus and the "Y" with incredible views of Utah Lake.; - Potential for rezoning into several residential lots.; - Power, sewer, telephone & water are all available.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 N Terrace Dr Provo, UT 84604
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